SZL - Sezzle Inc.

[fergee]

It's all off.
Shaking fat fingers cost me at least $1000...
But the good news is, $3360 total profit!
That was yesterday's double dip, then sold today, dipped in again... sold again. $680 profit from today's re-dip but that's included in the the total above.
I'm out, however, if they are successful with the Calli licence, the SP will do silly things on open again.
Cheers, F.Rock

3k in a day aint nothing to be sneezed at!
Go treat yourself lunch mate you deserve it

 

[bonox]

close 20c over what i let them go for. Oh well - that's the nature of risk management

 

[frugal.rock]

close 20c over what i let them go for. Oh well - that's the nature of risk management

Haha, that's the way it goes. I had it pegged to get to 1.80 but that retrace is phenomenal.
I was eyeing off another dip in at 1.74 after the above posts, but have no regrets not doing it. Support seemed flimsy and I had other things to do. Hoping to do some BNPL industry research with a few case studies when time permits.
Thanks to Verce for the information bits. Cheers.
F.Rock

 

[barney]

Shaking fat fingers cost me at least $1000...
But the good news is, $3360 total profit!

Compare that to the result if you had left it all sitting on Z1P

Good trade … Your shout

 

[Knobby22]

Yes great timing when oversold.

 

[frugal.rock]

Compare that to the result if you had left it all sitting on Z1P

Good trade … Your shout

I'LL BLOODY SHOUT YOU ANYDAY BARNEY!

And for the record, I only dumped 1/3 of zip to cover this opportunity... (however I still concede a retrace to 3.20 is possible...)

 

[barney]

I'LL BLOODY SHOUT YOU ANYDAY BARNEY!

SAY AGAIN, I'M A BIT DEAF!

Since you're offering though … I'll have a Carlton dry, a bourbon and coke … and a partridge in a pear tree (no ice on the partridge thanks)

 

[bigdog]

ASX Ann today
17/01/2020 8:24:09 AM Sezzle Receives California Lending License (uploaded)

Good news for Sezzle and its shareholders, the DBO has had a change of heart. According to today’s release, it has now formally approved Sezzle’s application for a lending license in the State of California.

This will allow Sezzle to continue operating seamlessly in the state, which management believes will solidify its position as the leading US-based instalment payment platform.

Impressive start to the day!!

610

 

[frugal.rock]

It was a good feeling to be holding this morning. Nearly dumped yesterday afternoon.... not knowing when the announcement was expected or if to be good or not and the trend was getting washy.
Sold half at the high of today, and the rest at post auction. ~2k up on this one today. (Lovely when the high of the day is your sole order..."
Sezzle has sizzled my fingers with some fast hot money @qldfrog and paying some bills. Love it.
I have no idea where this stock is going from here though.... I'm out.
F.Rock

 

[barney]

Sold half at the high of today, and the rest at post auction. ~2k up on this one today. (Lovely when the high of the day is your sole order..."
Sezzle has sizzled my fingers with some fast hot money

Some nice short term/day trading there FR ….. Not too many punters on ASF over the years who have day traded ASX Stocks that I can remember. Who are you using for brokerage?

 

[frugal.rock]

Westpac currently.

 

[scarlettsmith694]

Sezzle Inc has an interest-free, short-term instalment payment plan that provides budgeting and financing benefit to customers. szl asx offers a payments platform that promotes secure and fast payments between customers and retailers.

 

[Ferret]

A pick for 2022.

One of the most beaten up BNPL players. Is the sector dead? Maybe not...

 

[Miner]

Is current scrip of SZL ex rights of the SPP for z1p ?

 

[Miner]

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02494057-2A1360364?access_token=83ff96335c2d45a094df02a206a39ff4

 

[Knobby22]

They are saying they are cutting staff to become profitable. Doesn't sound like they are going to get there.
They are second tier in this market to Afterpay and the BNPL market is second tier to Credit Cards. Not the place to be.

 

[Dona Ferentes]

SZL down 35%. Now 27c.

and that is after Zip paying Sezzle $16.3 million as part of the mutual termination to cover, among other things, Sezzle’s legal, accounting, and other costs associated with the transaction.

What chance another BNPL chancer taking it over after the ZIP buyout fell through?

 

[waterbottle]

SZL down 35%. Now 27c.

and that is after Zip paying Sezzle $16.3 million as part of the mutual termination to cover, among other things, Sezzle’s legal, accounting, and other costs associated with the transaction.

What chance another BNPL chancer taking it over after the ZIP buyout fell through?

Why would anyone take over?

Consumer spending is crashing. The cost of finance. BNPL seems like a horrible business to be involved in right now...

 

[Dona Ferentes]

Broker RBC Capital Markets has stunned the market by slashing its valuation on buy now, pay later player Sezzle from $12 to 1¢ and discontinuing coverage.

“Underperformance has been driven by expected increases in funding costs, bad debts and general market reluctance to support cash-flow negative, growth businesses,” RBC said. “Our PT of A$0.01/share assumes SZL are unable to generate sufficient free cash in the near term before depletion of their cash runway. Further, our base case assumes SZL are unable to raise additional equity or be acquired.”

... Now normally we shouldn't attribute too much credibility to broker forecasts, but this one amused me. The price target may never be reached because they may shut up shop beforehand. The likelihood of another white knight is remote, in the current market.

 

[galumay]

If anyone ever takes any notice of broker forecasts again, then they deserve to lose every cent. From $12 to 1c. Why would you even publish it? Just exposes your incompetence.

Anyway,